Refer to Table 9-5. Consider the following values of the consumer price index for 2015 and 2016. The inflation rate for 2016 was equal to

A fall in the price of a good causes producers to reduce the quantity of the good they are willing to produce. This fact illustrates

A) the law of supply. B) the law of demand. C) a change in supply. D) the nature of an inferior good.

The appreciation of the dollar in the late 1990s shifted the U.S. aggregate supply curve outward

a. True b. False Indicate whether the statement is true or false